Outgoing President Shimon Peres To Head Peace-Driven Economic Corporation

By Maya Yarowsky, NoCamels July 24, 2014 2 minutes

Shimon Peres

As President Shimon Peres, Israel’s ninth President, fills out his final day in office, making way for incoming President Rubi Rivilin, he is already about to announce his next endeavor as one of Israel’s most influential figures. According to a report by Israeli news source “Ha’aretz,” 90-year-old Peres is set to head a large economic corporation that invests in peace initiatives throughout the Middle East.

In an interview given by Presidential spokeswoman Ayelet Frisch to Channel 2 News in Israel, it was stated that Peres will assume his position in the unnamed economic corporation starting next week. While the name of the corporation remains undisclosed, according to Frisch’s assertions, it seems that it is a prominent investment group that will place funds in the health and agriculture sectors, see to the construction of hospitals and water infrastructure in the region.

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Peres will leave the presidential residence on Friday morning and will move to a new apartment that he recently purchased in Tel Aviv. In addition, he will move his offices to the Peres Center For Peace in Yaffo.

The Peres Center for Peace in Jaffa, Israel

Throughout his seven-year term as president, Peres has worked adamantly through various channels, and technological ones in particular, to promote peace and cooperation in the region. During his time as president, the Noble Peace Prize winner was also granted honorary knighthood by Queen Elizabeth II of England and the President Medal of Freedom by US President Barak Obama—a display of the extraordinary faith placed in a man who has been deemed Israel’s preeminent visionary.